Comment: Understand...

(See in situ)


Understand...

You have more to learn before you make such erroneous assertions. Either you didn't read my entire comment, or you haven't read enough about Bitcoin. Gold isn't all you (and many others) have cracked it up to be. It's not very portable, it's subject to manipulation (i.e. 'coin-clipping', speculation, etc), and it's being hoarded by various nation-states' treasuries and effectively taken out of circulation. What happens to its price when those massive hoards get circulated again, like say if the whole world (or large swaths) went to a gold-backing? I used be huge on gold, but as I saw the hands it was flooding into over the past 5 years and the pump and dump stains on those hands, I grew wary. I'm not against metals by any stretch, but why aren't competing currencies with near limitless applicability and availability getting more play? Because the status quo can't survive if too many people experience life outside the box, and metals are not 'outside the box'. Even we libertarians, for all our awakenedness, are still victims of control paradigms. Bitcoin is skyrocketing in value, and the haters will eat their words once they finally (if ever...) come to an ACTUAL understanding of what it is. Ask more questions (you know, the ones you're ignoring while jumping to confirm your bias... ask those) before you make up your mind.